Income tax refund

Many students and their parents are interested in the return of income tax for education. This is the subject of this article.

To begin with, in fact, the return of income tax for tuition is possible. In accordance with the law, taxpayers are entitled to receive a social tax deduction in the amount of actual training expenses incurred by them during the tax period . But it is possible to return the tax for education only in the amount not exceeding the established limit amount of deduction.

The return of income tax for education extends to persons who study:

- in higher educational institutions at preparatory departments, faculties (in other structural subdivisions), retraining of workers and improvement of professional skill;

- in another university, if they are simultaneously receiving a second professional higher education;

- in internship or residency of medical universities.

Refund of income tax for education is provided to a taxpayer who submitted a tax return to the tax authority at his place of residence and attached documents that confirm actual expenses for his own training.

In this case, you can apply for a refund of the tax for education within 3 years from the day when the payment of the said amount was made.

According to the Tax Code, a taxpayer who paid for his education or paid for the education of his own child is entitled to return the tax on education at a rate of 13 percent of the value paid. In other words, if you paid for a year of training in the amount of 40 thousand rubles, you will be able to return 5,200 rubles.

It is worth noting that the tax refund for education is made to Russian citizens who have a permanent place of work, as well as regularly pay tax on personal income. In other words, the student will be able to return the money spent for training only if he was officially employed and the contract was in his name. Parents of the student will be able to return the money if during this period they worked and regularly paid their income tax on their wages .

Equally important is that a deduction is provided for own training in the amount of actually incurred expenses, that is, 13 percent of any amount. While at the training of their children is given a deduction in the amount of actual expenses, but not exceeding the amount of 50 thousand rubles for each child.

If the student studying at the full-time department is more than 24 years old, then the law presumes that he must work himself and pay income tax, so he goes to the tax inspectorate himself and receives a refund of money spent for his own training. In this situation, money is not paid to parents.

If the student studying at the full-time department is less than 24 years old, at the same time he works and pays taxes, he has the right to draw up all the necessary documents for himself and his parents.

In order to receive a social tax deduction, you must provide the following documents:

• certificate of income from the place of work in the form of 2-NDFL.

• a contract concluded with an educational institution and executed in the name of the one who submits the documents for receiving a deduction

• the license of an educational institution for the right to provide relevant services;

• certificate from the educational institution, which confirms that the training was conducted on full-time (full-time) form of training;

• Payment documents that confirm payment for training;

• a declaration of income for the relevant year;

• and the very application for social tax deduction.

If you want, for additional information, therefore, you can contact the Federal Tax Service of the Russian Federation or the district tax inspection.